MONETARY POLICY

Monetary policy refers to the use of monetary instruments under the control of the central bank to regulate magnitudes such as interest rates, money supply and availability of credit with a view to achieving the ultimate objective of economic policy.


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Date : Sep 04, 2020
Option of repaying the funds borrowed under Long Term Repo Operations (LTROs) before maturity

The Reserve Bank had announced, vide press release 2020-2021/263 on “Measures to Foster Orderly Market Conditions” dated August 31, 2020, that banks which had availed of funds under LTROs may exercise an option of reversing these transactions before maturity.

2. Banks desirous of exercising the above option are advised to submit their requests via email only to Financial Markets Operations Department (Ph: 022-2263 0982 / 22634925) in the format enclosed at Annexure-1 of this press release on or before September 10, 2020 for all LTROs. No Request for extension of time window for submission of repayment requests will be entertained.

3. The repayment exercise for different operations will be undertaken on following dates:

Sr. No. Date of LTRO Date of Repayment
1. February 17, 2020 September 14, 2020
2. February 24, 2020 September 15, 2020
3. March 02, 2020 September 16, 2020
4. March 09, 2020 September 17, 2020
5. March 18, 2020 September 18, 2020

4. The RBI reserves the right to decide the quantum of repayment and / or to accept or reject any or all the requests, either wholly or partially, without assigning any reason thereof.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/287


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